Hotel & Restaurant Sector

Dalata narrows losses as occupancy levels improve

The Irish Times– 01.09.21

Hotel group Dalata has reported a 51 per cent decline in revenue to €39.6 million for the first six months of 2021 as the industry remained – for the most part – under lockdown. The State’s largest hotel chain, however, narrowed its pre-tax losses for the period to €37.8 million, down from €70.9 million for the same period last year, a 46.6 per cent improvement. It also said it was well positioned for the post-Covid recovery, and had begun to see a big improvement in occupancy levels since the reopening of hospitality here in June. Specifically, it said it was seeing increasing demand for staycations since hotels fully reopened for leisure in May in the UK, and in June in Ireland. Dalata said group occupancy was 44 per cent in June, increasing to 58 per cent in July and 68 per cent in August.

Hilton Hotel and Golf Resort in Templepatrick, Co. Antrim, Purchased by Loughview Leisure Group

Hospitality Ireland – 18.08.21

Loughview Leisure Group has purchased the 200-acre Hilton hotel and golf resort in Templepatrick, Co. Antrim, for an undisclosed sum. As reported by The Irish News, Loughview Leisure, which is a subsidiary of the Kilmona property investment group headed by Belfast developer Paddy Kearney, is planning to rebrand the hotel as a DoubleTree by Hilton venue, which will make it the first venue operating the premier Hilton brand in Northern Ireland. Loughview reportedly said that the hotel and golf club will remain open without disruption while the rebrand takes place.